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This TFSA calculator assumes the following:

The annual income you provide is used as a basis for estimating the income tax rate, with no additional earnings or deductions.

Actual tax savings may vary depending on your personal situation.

All contributions are assumed to be made at the beginning of period.

No withdrawals are made from the account during the relevant period.

Vancity does not make any express or implied warranties or representations with respect to any information or results in connection with this calculator. Vancity will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results.

This calculator is made available to you as a tool for independent use and is not intended to provide investment advice. Actual results may vary, possibly substantially. We cannot and do not guarantee its applicability or accuracy. All examples are hypothetical and are for illustrative purposes only.